Organic soybean prices remain elevated, but the upward movement has stalled relative to the conventional market. Organic soybeans are bid at $20 per bushel in some mid-west areas, with offers coming closer to $21. In Pennsylvania, organic soybeans are trading near $23 deliivered. Organic soybeans in Indian are offered at $720-$730 per metric ton.
Merchandisers are telling The Jacobsen that exporters are offering soybeans from Africa. During 2020, approximately 15K metric tons of organic soybeans were exported to the United States from Africa, 11K metric tons coming from Togo. The issue with organic soybeans from Africa is they have a track record of experiencing rejection when they reach US shores.
Organic soybean prices have not kept pace with conventional soybean prices are currently near the lowest levels seen relative to…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...